start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

3/14/17

Following on fromFriday's NR out of Minera IRL(MIRL), local press has asked the main players Cofide and the company on the decision to revoke the Cofide credit mandate and the report gives us more information. Here's the photo of the full version, in today's dead wood edition of Peru's top biznews media Gestión, below find a translation of the interesting bits:

"Asked about the revoke decision, Cofide explained to Gestión that the financial entity "has reoriented its strategy to become a development bank, giving priority to the financing of those sectors which generate high economic, social and environmental impact". It said that the focus of Cofide is now centred on closing the infrastructure gap and helping small and medium-sized businesses, in accordance with the current political policies and in coordination with the State Proinversion office and several ministries."

"Sector sources with ties to Minera IRL told Gestión that the company is
evaluating proposals with two mining supply companies that may offer
financing for the gold mining project. It is hoped that by the end of
this month an agreement can be reached."

Total Pageviews

The information and opinions contained within this site reflect the personal views of Inca Kola News and therefore all material within should not be construed as accurate or reliable or be utilized as advice for investment or business purposes. Independent due diligence and discussions with ones own investment and business advisors is strongly recommended. Accordingly, nothing on this site should be construed as offering a guarantee of the accuracy or completeness of the information contained herein, as an offer or solicitation with respect to the purchase or sale of any security or as an endorsement of any product or service. All opinions and estimates included on this site are subject to change without notice. All content may be reproduced under fair use doctrine providing proper credit and a return link is made to this site.